News

RUSSIA: Wimm-Bill-Dann posts flat nine-month profits

Most popular

Carlsberg's priorities for the years ahead

Molson Coors - Present and future

The just-drinks Analyst returns

Carlsberg Performance Trends 2014-2018 - data

Union des Vignerons shifts flavour profile

MORE
  • Net income down 0.1%
  • Sales down 27.3% on 2008
  • Beverage division sales down

Wimm-Bill-Dann, the Russian drinks and dairy group, has reported a drop in sales and seen net profits dented by devaluation of the ruble in the first nine months of 2009.

Net income in US dollars dipped 0.1% to US$109.4m for the period ended 30 September, compared to the same period of last year, the company said today (25 November).

On a constant currency basis (in rubles), net income increased by 33.1% year-on-year in the first nine months of the year.

Sales fell by 27.3% to reach US$1.59bn, while operating income dropped by 8.5% to $1.77m.

The company's beverage division saw sales drop 18.5% to $303.4m in the first nine months, as the negative exchange rate partially offset good volume growth.

The average dollar selling price decreased 20.7% to $0.75 per litre. Gross margins in drinks increased slightly due to lower concentrate costs.

Tony Maher, Wimm-Bill-Dann's CEO, said: "For almost two years now Wimm-Bill-Dann has been demonstrating margin improvement and market share gains. This is no small achievement and is a result of our continued focus on streamlining our business and enhancing consumer loyalty."

Click here for the full earnings release.

For an update, following the group's conference call, click here.


Sectors: Soft drinks, Water

Related Content

Treasury Wine Estates boosts profits as ForEx impacts H1

Treasury Wine Estates boosts profits as ForEx impacts H1...

Boston Beer Co drives margins to boost YTD sales, profits

Boston Beer Co drives margins to boost YTD sales, profits...

Coca-Cola European Partners upbeat on Q3 as profits jump - results

Coca-Cola European Partners upbeat on Q3 as profits jump - results...

Campari YTD profits slip as Q3 costs bite

Campari YTD profits slip as Q3 costs bite...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?